CARROLL ON THE NEWS | Finland to give citizens $1100/mo and take away benefits to curb unemployment rate

Finland’s government is planning to give all adults in the country, working or not, tax-free payments that would replace all other benefit payments.

Over 10% of their workforce is unemployed, 22.7% of which are young adults. These are record-high rates, so their hope is that the basic income will get more people back to work. Over 70% of the population support this plan.

Some critics, however, believe that the income will lead to even higher unemployment rates because it’ll lower incentive to work, but past basic income experiments have had success, like in Canada’s town Dauphin.